What a load of crap. I emailed E*Trade and asked them about the restrictiona nd when they would come off. Shouldn't they already have been off restriction? And this is the laod of crap I received.
"Thank you for taking the time to inquire about your shares of Watchit Technologies. I apologize for any confusion that this may have caused you. In order to have the restriction removed, a Rule 144 request has to be completed. This is the process to verify the validity of the shares and that they are able to have the restriction removed. The cost for this is $150. This process will take about 4-6 weeks to be completed.
Once this is completed, there are a couple outcomes that can occur. The first is that the shares may still have to remain on restriction for a certain period of time. The other two outcomes deal with the restriction being lifted. The best case scenario is that the restriction can be lifted permanently. The other outcome is that a 90 day window will be opened in which the shares can be liquidated. After that window closes, the shares would once again become restricted."
$150.00? WTF? The shares aren't even worth that much.
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